An official website of Washington State government
Loan Officers
Evaluate, authorize, or recommend approval of commercial, real estate, or credit loans. Advise borrowers on financial status and payment methods. Includes mortgage loan officers and agents, collection analysts, loan servicing officers, loan underwriters, and payday loan officers.
What a loan officer does
Become a loan officer
If you enjoy doing these activities, you might make a good loan officer
- Listening to others, not interrupting, and asking good questions.
- Talking to others.
- Noticing a problem and figuring out the best way to solve it.
Discover what you could earn in Washington
- Typical hourly rate is $57 per hour with a typical salary of $106,500 per year.
- Half of workers earn between $34 and $87 per hour.
- Half of workers earn an annual salary between $38,200 and $140,200 per year.
- 60% of individuals in this occupation have been employed in every quarter of the past year.
Part-time
- The typical hourly rate for part-time workers is $71 per hour with a typical salary of $64,400 per year.
- 32.4% of individuals in this occupation worked part-time during the past year.
Loan Officer job outlook
- There are 8,378 workers in this occupation in Washington.
- There are 851 openings per year in this occupation in Washington.
Multiple Jobs
- 4% of individuals in this occupation worked for more than one employer.
- 13% of individuals in this occupation held a position in another.